Property managers in Texas have noticed an increase in the demand for multifamily rental units due in part to the seemingly resilient state economy. Nationwide the property management industry has noticed a rise in demand for rental properties due to people leaving homes with heavy mortgages.

The White House’s Rental Housing Policy Group, hosted the all day conference that took place Wednesday, October 13th. Everyone gathered to propose what they thought the government could do over the next 5 years to make the rental housing market a “viable choice for American households for whom home ownership is not an option.”

Several animal hoarding cases have been reported in the past several months in the East Tennessee area. Suspecting animal cruelty, officials entered the home of couple James Edward Cagle, 67 and Glenda Marie Cagle, 64 on Neubert Springs Road in South Knoxville to find animals hiding in the wall panels.

Unico Properties of Seattle, WA will now manage the real estate previously held by ScanlanKemperBard. SKB is known as one of the largest real estate investment companies in Portland, OR and contacted Unico several months ago to look into its “operational efficiency” said John Lamb, the CFO and senior VP of Property Management at Unico.

Is it okay to walk away from a mortgage when the property value plummets? Corporate executives are making the tough decision. We saw this happen in the residential real estate market when property managers who were home owners were forced to hand over their assets when they got behind on their bank loans.

This Wednesday, the City Council approves the construction project to build a tower 1,200 feet high in New York City. With the support of Mayor Michael Bloomberg, development company Vornado Realty Trust is moving forward with the plans to construct a high-rise building at 15 Penn Plaza.

In Seattle’s U District, there were plans to build a boutique hotel but with the economic downturn those plans were scrapped. Instead, the Low Income Housing Institute swooped in to purchase the project and create affordable housing.